Home >News Updates >Financial News >Precious Metal
Gold Futures Rise On Weakened Greenback - Feb. 22
 

Gold futures on the COMEX division of the New York Mercantile Exchange rose slightly on Thursday as the U.S. dollar weakened.

The most active gold contract for April delivery went up 60 cents, or 0.05 percent, to close at 1,332.7 U.S. dollars per ounce.

The U.S. dollar index, which measures the buck against six rivals, went down 0.39 percent to 89.78 as of 1900 GMT.

Gold and the dollar typically move in opposite directions, which means if the dollar goes down, gold futures will rise.

As for other precious metals, silver for March delivery fell three cents, or 0.18 percent, to settle at 16.587 dollars per ounce. Platinum for April added 2.8 dollars, or 0.28 percent, to close at 999.4 dollars per ounce.


(www.chinaview.cn 2018-02-23)
Close